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Posts Tagged ‘Short Sales’

Mercado Residencial de Miami – Oportunidades de Inversión al 4 de mayo del 2009!

Monday, May 4th, 2009

Miami parece ser el centro del universo en lo que se refiere a las oportunidades de inversión disponibles hoy día en bienes raíces, al menos para aquellos que residen en el Caribe, Centro y Sur América.

Si usted ha estado siguiendo las noticias de la caída de los precios de las propiedades en Miami y se inclina a invertir en el mercado residencial de Miami, pero por una razón u otra todavía no se decide, le sugiero que lea detenidamente nuestro breve y mas reciente estudio titulado “Oportunidades de Compra en el Mercado Residencial de Miami“. Los datos están actualizados al 31 de marzo del 2009.

Si usted esta interesado en identificar que oportunidades existen de acuerdo a sus intereses particulares, envienos un e-mail a: michael@miamiflorida.com y/o ana@miamiflorida.com

También nos puede llamar al 305.450.0036 cel de Michael P. Schnabel o al 786.210.6578 cel de Ana M. Schnabel (Margare Báez).

Don’t missed the bottom in the Real Estate markets!

Wednesday, October 15th, 2008

Unlike the Stock Market which clearly fluctuates – 20% or more, up or down in a single week – in a manner not acceptable to those with heart problems, Real Estate markets have traditionally experienced much less fluctuation in prices with few time period exceptions such as the 2001 to 2008 years.

With every market that creates a pricing bubble and consequently crashes, prices usually tend to correct well beyond the most negative expectations. And Real Estate prices today have clearly dropped well beyond anyones expectations.

That is why today we see excellent value in real estate properties. A reason why more and more investors turn their investment eye to opportunities not seen in years in the real estate markets.

And for those of you who have concluded that the Stock Markets are far to risky and volatile for your own stage in life, consider starting or adding exposure to Real Estate assets.

Real Estate as an investment is fast recapturing the traditional safe heaven spot it has been for decades.

Today we are looking at discounts from 10% to 50% or more in some extreme cases.

If you prefer to invest your hard earned funds in a stable asset class as compared to volatile and risky stock markets, look no further than Real Estate.

If you have any questions or comments, please send me an e-mail to: michael.schnabel@mac.com or call me at 305.450.0036

89 Foreclosures with a “Brickell Ave., Miami FL” address!

Wednesday, June 25th, 2008

Since foreclosures are the subject of many headlines, I decided to search for foreclosures in the Brickell Area neighborhood, which as you now covers several key addresses. For the purpose of this specific posting, I have focused my search on the Brickell Ave. address only. On upcoming blog postings, I will cover South Bayshore Dr., Brickell Bay Dr. and others.

According to the REALTOR® Association of Miami and the Beaches – IMAPP service, for those buildings with a Brickell Ave. address (east side or west side of Brickell Ave.) we have 89 properties reported as foreclosures, and not all are listed for sale.

Lets review them in descending order by year built.

# of Foreclosures - Building Name – Building Address – Year Built

1 – Lofts on Brickell I Condo – 1528 Brickell Ave. – Built in 2006

3 – Mayfield Condo – 1395 Brickell Ave. – Built 2004

23 – Skyline on Brickell Condo –  2101 Brickell Ave. – Built in 2004

1 – Millennium Tower – 1435 Brickell Ave. – Built in 2003

3 – Millennium Tower Residences – 1425 Brickell Ave. – Built in 2003

5 – The Metropolitan Condo – 2475 Brickell Ave. – Built in 2001

1 – Santa Maria on Brickell Condo – 1643 Brickell Ave. – Built in 1997

2 – Bristol Tower Condo – 2127 Brickell Ave. – Built in 1993

6 – Imperial at Brickell Condo – 1627 Brickell Ave. – Built in 1983

2 – Atlantis on Brickell Condo – 2025 Brickell Ave. – Built in 1982

5 – Villa Regina Condo – 1581 Brickell Ave. – Built in 1982

2 – The Palace Condo – 1541 Brickell Ave. – Built in 1981

2 – Brickell Park – 2501 Brickell Ave. – Built in 1981

4 – Brickell Place Condo Phase II – 1925 Brickell Ave. – Built in 1980

2 – Brickell Place Condo Phase II – 1915 Brickell Ave. – Built in 1980

1 – Brickell Forest Condo – 2410 Brickell Ave. – Built in 1980

3 – Brickell Place Condo – 1901 Brickell Ave. – Built in 1975

3 – Brickell Place Condo – 1865 Brickell Ave. – Built in 1975

10 – Brickell Bay Club Condo – 2333 Brickell Ave. – Built in 1974

1 – 1110 Brickell Condo – 1110 Brickell Ave. – Built in 1971

3 – The Brickell Inn Condo – 1950 Brickell Ave. – Built in 1968

6 – Brickell Townhouse – 2451 Brickell Ave. – Built in 1963

If you have any questions or comments, please send me an e-mail to: michael.schnabel@mac.com or call me at 305.450.0036

The Jade Residences on Brickell: 22.5% listed for Sale. How many are Short Sales and/or REO’s? What is selling?

Wednesday, June 11th, 2008

I just completed my market analysis report on the Jade Residences earlier today.

From the 73 units listed for sale, 35 are either Short Sales or Bank Owned (REO).

In 2007 the Jade Residences registered 12 sales for an average price per Sq Ft of $674 per closed sale.

So far in 2008 we have had 9 closed sales for an average price per SqFt of $452 per sale.  And from the 9 completed sales, 5 were Short Sales or Bank Owned (REO).

And what is pending to close as of today?

Well, currently the Jade has 9 pending sales of which 8 are either Short Sales or Bank Owned (REO).

Clearly, Buyers are focusing on either Short Sales or Bank Owned (REO) units. And unfortunately traditional Sellers are at the mercy of prices established by Short Sales or Bank Owned (REO).

Finally, so far in 2008, $405 is the lowest Price/SqFt. registered for a closed sale at the Jade Residences.  Unit #2303, a 2/3 with 1,730 SqFt of Living Area, originally listed on 1/27/06 for $1,250,000 or $723 SqFt and sold on 4/28/08 for $699,900 a 44% discount to the original listing price, 2 years and 3 months later.

If you have any questions or comments, please send me an e-mail to: michael.schnabel@mac.com or call me at 305.450.0036

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